Nigeria Addresses IMF, World Bank’s Fears Over Borrowings
Nigeria's Minister of Finance, Zainab Ahmed, says the country is mindful of rising debt burden, which eats up about 25 per cent of its annual earnings.
Again, NNPC Speaks On Increase Of Fuel Pump Price
The Nigerian National Petroleum Corporation (NNPC) has assured that there will not be a hike in the pump price of "fuel," Concise News reports.
See Nigerian State Where Residents Paid Highest Bus Fare In March
A report by the National Bureau of Statistics (NBS) says residents of Zamfara state, northwest Nigeria, paid the highest bus journey fare within city in March.
Find Out 14 States N-Power Build Training Will Start & When
Minister of Labour and Employment, Chris Ngige, says 14 disadvantaged states would benefit from the N-Power Build; a vocational training component of the N-Power programme
Islamic Bank Begins Marketing Of 5-Year-Dollar Sukuk
Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, Concise News understands. It was learned that the bank gave initial...
Fuel Subsidy: How PENGASSAN, IPMAN Reacted To IMF’s Counsel To Nigeria
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has called on the Federal Government to disregard the International Monetary Fund (IMF) advice on fuel subsidy.
What FG Said About ExxonMobil ‘Leaving’ Nigeria
ExxonMobil or any other oil company is not leaving the country, the Minister of State for Petroleum Resources, Ibe Kachikwu, has assured.
Kogi State Seals Deal To Revive Ailing Confluence Fertilizer Company
The Kogi Government and Messrs Emerald Fertilizer Production and Allied Investment Limited have sealed a deal to revive the Confluence Fertilizer Company, Concise News reports.
IMF Advises Nigeria, Others Over Loans From China
International Monetary Fund, IMF, has called on Nigeria and other developing countries to withdraw from securing loans from China.
Nigeria Is World’s ‘Second Worst’ In Use Of Sovereign Wealth Funds – IMF
Nigeria has been ranked by the International Monetary Fund (IMF) as the second worst country in the world in the use of sovereign wealth funds.
Nigeria’s Stock Market Slumps Further As Investors Lose N4.8bn
Business activities on the floor of the Nigeria stock market fell further on Tuesday as investors lost N4.8bn, Concise News reports.
Increase Taxes On Luxury Goods, Senate Tells FG
The Senate has urged the Federal Government to consider hiking taxes on luxury goods and services to shore up revenues, Concise News reports.
Disease Diagnosis: Nigeria, Japan Sign $14.2m Grant
Nigeria's minister of Minister of Budget and National Planning says the country and Japan have signed agreement on a project involving 14.2 million US dollar grant to strengthen the diagnostic capacity of the Nigerian Centre for Disease Control (NCDC).
Lagos-Ibadan Railway: FG Reveals Contractor’s Challenge
There has been a breakdown of some machines belonging to the contractor handling the construction of the Lagos-Ibadan rail project, China Civil Engineering Construction Corporation.
Investors Lose N170bn As Nigeria Stock Market Opens New Week
Investors in Nigeria's stock market on Monday lost N170bn as market capitalization fell from N11.124tn on Friday to N10.954tn, Concise News reports.
World Bank Laments Over Nigeria’s Economy
The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018.
Onyeagwu Replaces Amangbo As Zenith Bank GMD/CEO
Ebenezer Onyeagwu was on Monday named by Zenith Bank as its Group Managing Director/Chief Executive Officer (GMD/CEO).
Nigeria, Islamic Development Bank Seal N188m Deal
The Islamic Development Bank (ISDB) and the Nigerian government has sealed an N188m-deal on Sunday, Concise News reports.
Apapa Gridlock: New Seaport Underway, NPA Assures
The Nigerian Port Authority (NPA) has said the country is building a deep-sea port and also considering two additional facilities to ease congestion at Apapa seaports.
World Bank Gets New President
David Malpass has emerged as the 13 president of the World Bank following a unanimous selection by the bank's Executive Directors on Friday, April 5.